These regulations are being presented for repeal. Each regulation is being replaced with a policy based on the current regulation with modifications or our collective bargaining agreements. The approval for repeal is being presented to the Committee, in accordance with the Board of Governors Regulation Development Procedures [Effective July 21, 2005].

Vice President and General Counsel Stone and Vice President Gottlieb will address the Committee and present this item.

Each year, Florida’s public universities are required to submit a Fixed Capital Outlay Request to the Board of Governors for potential incorporation into the Board of Governors’ budget request. At the same time, they are expected to submit a Five-Year Capital Outlay request.

The University of North Florida’s Board of Trustees is charged with approving and submitting the PECO plan for the University in consultation with the President. The attached schedule shows UNF’s proposed one-year and five-year capital requests (PECO). Each of the items included in this proposed request is consistent with the University’s goals and master plan.

Vice President Shuman will address the Committee and present the PECO submissions.

The purpose of this item is a discussion of the current treasurer’s report prepared for review by the Finance and Audit Committee. This will include information on the ITN for an investment management firm and allocation among current investments. It will also include a discussion on the downgrade of FGIC, the surety bonds for housing and student union.

Vice President Shuman will address the Committee and present the current treasurer’s report.